Advertisement
Government To Help Fund Mortag...

News

Government To Help Fund Mortages For People On Average Wages

98FM
98FM

07:09 22 Jan 2018


Share this article


State aid is to be offered to people to help them buy their first home in a new government backed mortgage scheme.

It's aimed at those who earn too much to qualify for social housing, but not enough to get a decent home loan.

From next month, people looking to get on the property ladder will be able to apply for cheaper mortgages than are being offered by the mainstream banks.

It's part of the government's Rebuilding Ireland plans, and will allow first time buyers to buy both new, second-hand properties as well as financing self builds.

The amount will be capped at 320-thousand euro in Dublin, Cork and Galway.

The average asking price for home in Dublin on Daft.ie in 2017 was €360,000.

 


Share this article


Read more about

News

You might like